The differences between spot gold, paper gold and gold T+D are as follows:
1. Different scopes:
1) Spot gold is an international An investment product;
2), an investment and financial product of Paper Gold Bank;
3), Gold T+D is a product issued by the Shanghai Gold Exchange.
2. Different trading hours:
1), spot gold trading time is 24-hour global trading from Monday to Friday;
2), paper gold one day Trading is available 24 hours a day;
3) One trading day is from the daily opening of gold T+D at 21:00 to the closing of 15:30 the next day.
3. Different delivery methods:
1) Spot gold is delivered after the transaction is completed or within a few days;
2) Paper gold adopts T+ 0 delivery method, purchase at the time and arrive at the account at the time;
3), Gold T+D will be delivered at a specific time and place in the future.
Extended information:
Introduction to the features of spot gold, paper gold and gold T+D products:
1. Spot gold: gold prices fluctuate greatly and transaction times are long. , instant settlement of funds, convenient transactions, simple operation, two-way transactions, controllable risks, capital leverage transactions, no market maker control, low transaction fees;
2. Paper gold:
1). It is book-entry gold, which not only saves investors storage costs, but also facilitates investors’ realization;
2) Paper gold is linked to the international gold price and adopts a 24-hour Uninterrupted trading mode;
3) Paper gold provides two trading modes of US dollar gold and RMB gold, providing corresponding opportunities for both foreign currency and RMB financial management.
3. Gold T+D:
1), T+D handling fee is higher than futures, lower than physical gold, equivalent to stocks, and the risk is between futures and stocks;
2) Individual gold TD trading is a gold spot deferred delivery business that investors can carry out with margin. It is a spot transaction. Not only does it not need to be delivered on the same day, it can also be deferred indefinitely. .
Baidu Encyclopedia - Spot Gold
Baidu Encyclopedia - Paper Gold
Baidu Encyclopedia - Gold T+D